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LONDON, May 15 (Reuters) - British product-testing firmIntertek Group is on course to deliver its guidance forthis year and said on Friday it expected to deliver underlyingrevenue growth in mid-single-digit figures over the medium term.
"In the first four months of 2015, the Group performed inline with our expectations," said CEO Wolfhart Hauser, who willretire after 10 years in the role.
Intertek, which tests products from children's toys tobarrels of oil to ensure they comply with regulations, reporteda 3.3 percent rise in revenue for the four months to April 30.
"As anticipated, market conditions in oil and gas capex andminerals remained weak, reducing the overall growth rate in theperiod," he said.
"Across the medium term the company continues to expect todeliver mid-single digit organic revenue growth, as oil and gascapex headwinds ease and with its strong exposure to long-termstructural growth markets," it said in a statement. (Reporting by Li-mei Hoang; editing by Sarah Young and JasonNeely)
Intertek Group (ITRK)